Young Mens Christian Association Of Greater Boston Inc
- Assets
- $163.8m
- Revenue
- $83.1m
- Investments
- $0.0
- Employees
- 2,271
- Location
- Boston, MA
- Founding
- 04/1938
- Data as of
- 12/2020
- EIN
- 04-2103551
Organization Overview
Young Mens Christian Association Of Greater Boston Inc, operating under the name Ymca Of Greater Boston, is located in Boston, MA. The organization was established in 1938. According to its NTEE Classification (P27) the organization is classified as: Young Mens or Womens Associations, under the broad grouping of Human Services and related organizations. As of 12/2021, YMCA Of Greater Boston employed 2,271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YMCA Of Greater Boston is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, YMCA Of Greater Boston generated $83.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $72.0m during the year ending 12/2020. While expenses have increased by 0.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MISSION STATEMENTTTHE YMCA OF GREATER BOSTON IS DEDICATED TO IMPROVING THE HEALTH OF MIND, BODY AND SPIRIT OF INDIVIDUALS AND FAMILIES IN OUR COMMUNITIES. THE YMCA OF GREATER BOSTON WELCOMES MEN AND WOMEN, BOYS AND GIRLS OF ALL INCOMES, FAITHS, AND CULTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YMCA OF GREATER BOSTON MEMBERS AND PROGRAM PARTICIPANTS BENEFIT FROM A DIVERSE ARRAY OF PROGRAMS AND SERVICES SUCH AS HEALTH AND WELLNESS PROGRAMS, INSTRUCTIONAL FITNESS PROGRAMS, AQUATICS LEARN-TO-SWIM PROGRAMS, ADULT EDUCATION, COLLEGE AND CAREER PROGRAMS FOR TEENS, YOUTH DEVELOPMENT PROGRAMS, PROGRAMS FOR YOUTH AT RISK, AND SERVICES FOR SENIORS.
THE YMCA OF GREATER BOSTON HAS A LONG AND SUCCESSFUL HISTORY OF PROVIDING PRE-SCHOOL, AFTER-SCHOOL AND SUMMER DEVELOPMENT, EDUCATIONAL, RECREATIONAL AND SOCIAL ACTIVITIES FOR YOUTH OF ALL AGES. THROUGH THE YMCA OF GREATER BOSTON'S YOUTH DEVELOPMENT INITIATIVE, YOUTH OF OUR COMMUNITIES ARE CULTIVATING THE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH, AND EDUCATIONAL ACHIEVEMENT. THE YMCA OF GREATER BOSTON OFFERS ONE OF THE STATE'S LARGEST SUMMER YOUTH EMPLOYMENT PROGRAM, AND PROVIDED 21,000 WEEKS OF CAMP IN 2021 SUMMER.
THE YMCA OF GREATER BOSTON OFFERS AN ARRAY OF EDUCATION SERVICES TO LOW-INCOME INDIVIDUALS AND FAMILIES INCLUDING ADULT BASIC EDUCATION, COMPUTER LITERACY CLASSES, AND MORE THAN 500 PARTICIPANTS IN ENGLISH AS A SECOND LANGUAGE FOR RECENT IMMIGRANTS. THE Y PROVIDES COMPREHENSIVE JOB SKILLS TRAINING AND HELPS WITH PLACEMENT IN PERMANENT EMPLOYMENT POSITIONS FOR AS MANY AS 130 INDIVIDUALS EACH YEAR. OUR FAMILIES IN TRANSITION PROGRAM NOT ONLY PROVIDES SHELTER, BUT ALSO ADDRESS THE UNDERLYING ISSUES THAT CAUSED FAMILIES TO BE HOMELESS. THE YMCA CONTINUED TO DELIVER MORE THAN 2.6M POUNDS OF FOOD TO CHILDREN, SENIORS AND FAMILIES AND SERVED OVER 7.9M MEALS AND 198,000 BAGS OF GROCERIES THAT PROVIDED THREE DAYS OF FOOD FOR A FAMILY OF 4 AND FOOD FOR A WEEK FOR SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James O's Morton CEO | OfficerTrustee | 40 | $526,205 |
Paul F Falvey CFO | Officer | 40 | $258,548 |
Jarrett C Royster COO | Officer | 40 | $251,856 |
Amy G Turner Chief Program Officer | Officer | 40 | $211,724 |
Wilford Tuney Chief Development Officer | Officer | 40 | $209,063 |
Wendy E Zinn Senior Social Responsibility | Officer | 40 | $175,388 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
451 Marketing Llc Marketing Consulting | 12/30/21 | $486,500 |
Titan Roofing Inc Facilities R&m | 12/30/21 | $392,340 |
North Country Roofing Llc Facilities R&m | 12/30/21 | $348,600 |
Anthony Natale Facilities R&m | 12/30/21 | $343,703 |
Franklin 100 Holdings Llc Rental Space | 12/30/21 | $316,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $194,641 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,140,092 |
| Noncash contributions included in lines 1a–1f | $71,908 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,334,733 |
| Total Program Service Revenue | $52,677,299 |
| Investment income | $404,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $921,975 |
| Net Income from Fundraising Events | $766,918 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,104,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,404,656 |
| Compensation of current officers, directors, key employees. | $395,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,929,048 |
| Pension plan accruals and contributions | $1,716,079 |
| Other employee benefits | $2,388,791 |
| Payroll taxes | $3,308,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $375,793 |
| Fees for services: Accounting | $198,552 |
| Fees for services: Lobbying | $94,140 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,701 |
| Fees for services: Other | $321,599 |
| Advertising and promotion | $165,778 |
| Office expenses | $188,066 |
| Information technology | $1,034,256 |
| Royalties | $0 |
| Occupancy | $13,121,248 |
| Travel | $743,113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $498,712 |
| Interest | $589,927 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,813,918 |
| Insurance | $822,479 |
| All other expenses | $45,350 |
| Total functional expenses | $71,950,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,650,340 |
| Pledges and grants receivable | $1,112,807 |
| Accounts receivable, net | $5,882,125 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $110,822,424 |
| Investments—publicly traded securities | $36,953,339 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $415,368 |
| Total assets | $163,836,403 |
| Accounts payable and accrued expenses | $9,986,336 |
| Grants payable | $0 |
| Deferred revenue | $1,406,726 |
| Tax-exempt bond liabilities | $43,268,408 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,829,482 |
| Total liabilities | $64,490,952 |
| Net assets without donor restrictions | $80,642,964 |
| Net assets with donor restrictions | $18,702,487 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $163,836,403 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Young Mens Christian Association Of Greater Boston Inc has recieved totaling $2,540,702.
| Awarding Organization | Amount |
|---|---|
Boston After School & Beyond Inc Boston, MA PURPOSE: TO FURTHER THE MISSION OF THE SUMMER LEARNING COMMUNITY | $1,437,835 |
National Council Of Young Mens Christian Assns Of The Usa Chicago, IL PURPOSE: Program Support | $238,585 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $158,101 |
Fidelity Foundation Boston, MA PURPOSE: OPERATING SUPPORT | $150,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $142,065 |
Silicon Valley Bank Foundation Santa Clara, CA PURPOSE: THE YMCA IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL. | $100,000 |
Endowment Analysis
| Beg. Balance | $19,588,528 |
| Earnings | $3,178,977 |
| Admin Expense | $111,951 |
| Net Contributions | $8,321,454 |
| Other Expense | $605,753 |
| Ending Balance | $30,371,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Mens Christian Association Of Greater Boston Inc Boston, MA | $163,836,403 | $83,104,990 |
Old Colony Young Mens Christian Association Inc Brockton, MA | $72,692,185 | $78,392,340 |
Ymca Of The North Shore Inc Beverly, MA | $119,924,593 | $52,904,408 |
Samuel Field Ym & Ywha Inc Little Neck, NY | $48,425,712 | $46,930,535 |
Ymca Of Greater Rochester Rochester, NY | $121,370,415 | $45,892,943 |
Young Mens Christian Association Of Long Island Inc Glen Cove, NY | $75,238,727 | $32,469,405 |
Young Mens Christian Association Of The Capital District Albany, NY | $57,049,095 | $29,813,133 |
South Shore Young Mens Christian Association Quincy, MA | $85,192,389 | $30,794,520 |
Young Mens Christian Association Of Metropolitan Hartford Inc Hartford, CT | $164,737,357 | $30,671,790 |
Central Connecticut Coast Young Mens Christian Association Inc New Haven, CT | $48,852,527 | $30,738,115 |
The Granite Ymca Manchester, NH | $42,208,261 | $24,707,664 |
Young Mens Christian Association Of Worcester Worcester, MA | $59,055,753 | $25,227,753 |